PGIM Core Conservative Bond Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.8%
1 yr return
2.1%
3 Yr Avg Return
-3.0%
5 Yr Avg Return
-0.2%
Net Assets
$51 M
Holdings in Top 10
25.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.63%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 194.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PQCNX - Profile
Distributions
- YTD Total Return -0.8%
- 3 Yr Annualized Total Return -3.0%
- 5 Yr Annualized Total Return -0.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.28%
- Dividend Yield 3.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePGIM Core Conservative Bond Fund
-
Fund Family NamePRUDENTIAL
-
Inception DateNov 15, 2016
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerStewart Wong
Fund Description
PQCNX - Performance
Return Ranking - Trailing
Period | PQCNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.8% | -6.0% | 3.9% | 70.62% |
1 Yr | 2.1% | -10.3% | 16.1% | 69.22% |
3 Yr | -3.0%* | -10.4% | 26.2% | 67.96% |
5 Yr | -0.2%* | -6.6% | 191.4% | 83.69% |
10 Yr | N/A* | -2.4% | 73.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | PQCNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.0% | -16.2% | 8.1% | 55.20% |
2022 | -15.9% | -34.7% | 131.9% | 46.15% |
2021 | -4.3% | -11.6% | 4.4% | 86.17% |
2020 | 3.7% | -10.1% | 946.1% | 56.22% |
2019 | 5.5% | -1.7% | 156.4% | 55.58% |
Total Return Ranking - Trailing
Period | PQCNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.8% | -6.0% | 3.9% | 70.62% |
1 Yr | 2.1% | -10.3% | 16.1% | 69.22% |
3 Yr | -3.0%* | -10.4% | 26.2% | 67.96% |
5 Yr | -0.2%* | -6.6% | 191.4% | 83.69% |
10 Yr | N/A* | -2.4% | 73.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PQCNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.8% | -11.3% | 11.0% | 60.36% |
2022 | -13.6% | -32.2% | 131.9% | 50.20% |
2021 | -2.0% | -9.4% | 9.2% | 85.43% |
2020 | 7.2% | -1.9% | 1009.0% | 75.00% |
2019 | 8.2% | 1.1% | 21668.0% | 69.59% |
NAV & Total Return History
PQCNX - Holdings
Concentration Analysis
PQCNX | Category Low | Category High | PQCNX % Rank | |
---|---|---|---|---|
Net Assets | 51 M | 2.73 M | 292 B | 93.46% |
Number of Holdings | 546 | 1 | 17889 | 56.65% |
Net Assets in Top 10 | 11.9 M | -106 M | 36.5 B | 94.52% |
Weighting of Top 10 | 25.67% | 4.4% | 134.1% | 44.29% |
Top 10 Holdings
- United States Treasury Note/Bond 4.33%
- United States Treasury Note/Bond 4.05%
- United States Treasury Note/Bond 3.34%
- United States Treasury Note/Bond 2.81%
- United States Treasury Note/Bond 2.76%
- United States Treasury Note/Bond 2.21%
- United States Treasury Note/Bond 2.02%
- United States Treasury Note/Bond 1.52%
- United States Treasury Note/Bond 1.44%
- United States Treasury Note/Bond 1.20%
Asset Allocation
Weighting | Return Low | Return High | PQCNX % Rank | |
---|---|---|---|---|
Bonds | 98.14% | 0.00% | 215.98% | 34.08% |
Cash | 1.43% | -54.51% | 88.26% | 72.41% |
Convertible Bonds | 0.71% | 0.00% | 7.93% | 73.60% |
Other | 0.43% | -13.23% | 58.65% | 71.04% |
Stocks | 0.00% | 0.00% | 99.93% | 37.70% |
Preferred Stocks | 0.00% | 0.00% | 74.68% | 33.46% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PQCNX % Rank | |
---|---|---|---|---|
Government | 37.11% | 0.00% | 86.23% | 24.43% |
Securitized | 32.40% | 0.00% | 98.40% | 42.36% |
Corporate | 24.58% | 0.00% | 100.00% | 69.36% |
Cash & Equivalents | 1.09% | 0.00% | 88.06% | 71.33% |
Municipal | 0.90% | 0.00% | 100.00% | 29.36% |
Derivative | 0.00% | -5.38% | 58.65% | 43.44% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PQCNX % Rank | |
---|---|---|---|---|
US | 98.14% | 0.00% | 215.98% | 29.55% |
Non US | 0.00% | 0.00% | 39.04% | 42.37% |
PQCNX - Expenses
Operational Fees
PQCNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.63% | 0.01% | 39.10% | 56.71% |
Management Fee | 0.27% | 0.00% | 1.76% | 18.38% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
PQCNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
PQCNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PQCNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 194.00% | 2.00% | 493.39% | 67.86% |
PQCNX - Distributions
Dividend Yield Analysis
PQCNX | Category Low | Category High | PQCNX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.48% | 0.00% | 9.75% | 94.53% |
Dividend Distribution Analysis
PQCNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
PQCNX | Category Low | Category High | PQCNX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.28% | -1.28% | 4.79% | 76.23% |
Capital Gain Distribution Analysis
PQCNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 29, 2024 | $0.025 | DailyAccrualFund |
Jan 31, 2024 | $0.026 | DailyAccrualFund |
Dec 29, 2023 | $0.026 | DailyAccrualFund |
Nov 30, 2023 | $0.026 | DailyAccrualFund |
Oct 31, 2023 | $0.026 | DailyAccrualFund |
Sep 29, 2023 | $0.024 | DailyAccrualFund |
Aug 31, 2023 | $0.025 | DailyAccrualFund |
Jul 31, 2023 | $0.024 | DailyAccrualFund |
Feb 28, 2023 | $0.021 | DailyAccrualFund |
Dec 30, 2022 | $0.022 | DailyAccrualFund |
Nov 30, 2022 | $0.021 | DailyAccrualFund |
Oct 31, 2022 | $0.021 | DailyAccrualFund |
Sep 30, 2022 | $0.020 | DailyAccrualFund |
Aug 31, 2022 | $0.020 | DailyAccrualFund |
Jul 29, 2022 | $0.019 | DailyAccrualFund |
Jun 30, 2022 | $0.018 | DailyAccrualFund |
May 31, 2022 | $0.018 | DailyAccrualFund |
Apr 29, 2022 | $0.017 | DailyAccrualFund |
Mar 31, 2022 | $0.017 | DailyAccrualFund |
Feb 28, 2022 | $0.016 | DailyAccrualFund |
Jan 31, 2022 | $0.017 | DailyAccrualFund |
Dec 31, 2021 | $0.017 | DailyAccrualFund |
Nov 30, 2021 | $0.016 | DailyAccrualFund |
Oct 29, 2021 | $0.016 | DailyAccrualFund |
Sep 30, 2021 | $0.016 | DailyAccrualFund |
Aug 31, 2021 | $0.017 | DailyAccrualFund |
Jul 30, 2021 | $0.017 | DailyAccrualFund |
Jun 30, 2021 | $0.017 | DailyAccrualFund |
May 28, 2021 | $0.017 | DailyAccrualFund |
Apr 30, 2021 | $0.017 | DailyAccrualFund |
Mar 31, 2021 | $0.018 | DailyAccrualFund |
Feb 26, 2021 | $0.016 | DailyAccrualFund |
Jan 29, 2021 | $0.017 | DailyAccrualFund |
Dec 31, 2020 | $0.018 | DailyAccrualFund |
Nov 30, 2020 | $0.018 | DailyAccrualFund |
Oct 30, 2020 | $0.018 | DailyAccrualFund |
Sep 30, 2020 | $0.018 | DailyAccrualFund |
Aug 31, 2020 | $0.018 | DailyAccrualFund |
Jul 31, 2020 | $0.019 | DailyAccrualFund |
Jun 30, 2020 | $0.020 | DailyAccrualFund |
May 29, 2020 | $0.020 | DailyAccrualFund |
Apr 30, 2020 | $0.021 | DailyAccrualFund |
Mar 31, 2020 | $0.022 | DailyAccrualFund |
Feb 28, 2020 | $0.022 | DailyAccrualFund |
Jan 31, 2020 | $0.022 | DailyAccrualFund |
Dec 31, 2019 | $0.022 | DailyAccrualFund |
Nov 29, 2019 | $0.023 | DailyAccrualFund |
Oct 31, 2019 | $0.023 | DailyAccrualFund |
Sep 30, 2019 | $0.021 | DailyAccrualFund |
Aug 30, 2019 | $0.024 | DailyAccrualFund |
Jul 31, 2019 | $0.023 | DailyAccrualFund |
Jun 28, 2019 | $0.022 | OrdinaryDividend |
May 31, 2019 | $0.025 | DailyAccrualFund |
Apr 30, 2019 | $0.024 | DailyAccrualFund |
Mar 29, 2019 | $0.024 | OrdinaryDividend |
Feb 28, 2019 | $0.023 | OrdinaryDividend |
Jan 31, 2019 | $0.023 | OrdinaryDividend |
PQCNX - Fund Manager Analysis
Managers
Stewart Wong
Start Date
Tenure
Tenure Rank
Nov 15, 2016
5.54
5.5%
Stewart Wong, CLU, ChFC, is a Principal on the Multi-Sector Portfolio Management team for PGIM Fixed Income. Mr. Wong is a senior portfolio manager on the Core Conservative mandate. Mr. Wong is also head of Agency Mortgage Backed Securities and is responsible for performance across all mandates including Core Conservative, Core, Core Plus, Mutual Funds, Liquidity Relative Value Strategies and Prudential’s proprietary accounts. Prior to assuming his current position in 1994, he developed proprietary fixed income analytics within the Financial Strategies Group. Mr. Wong joined the Firm in 1988. He received a BA in Computer Science from New York University and an MBA in Finance from Pace University. Mr. Wong holds the Chartered Life Underwriter (CLU) and Chartered Financial Consultant (ChFC) designations.
Gregory Peters
Start Date
Tenure
Tenure Rank
Apr 25, 2019
3.1
3.1%
Gregory Peters is a Managing Director and Senior Investment Officer of PGIM Fixed Income. He is also senior portfolio manager for Core, Long Government/Credit, Core Plus, Absolute Return, and other multi-sector Fixed Income strategies. Prior to joining PGIM Fixed Income, Mr. Peters was the Chief Global Cross Asset Strategist at Morgan Stanley and responsible for the firm's macro research and asset allocation strategy. In addition, he was Morgan Stanley's Global Director of Fixed Income & Economic Research and served on the Firm Risk, Investment, Asset Allocation, Global Credit, and Global Fixed Income Operating Committees. Earlier, Mr. Peters worked at Salomon Smith Barney and the Department of U.S. Treasury. Mr. Peters has been recognized by Institutional Investor magazine for his efforts in macro, fixed income, high yield and investment grade strategies. Mr. Peters was also recently recognized as Business Insider's Top Analysts and Top Analyst's to Watch by CEO World. Mr. Peters earned a BA in Finance from The College of New Jersey and an MBA from Fordham University. He is also a member of the Fixed Income Analyst Society and the Bond Market Association.
Michael Marinelli
Start Date
Tenure
Tenure Rank
Sep 30, 2021
0.67
0.7%
Michael Marinelli* is a Vice President and portfolio manager for PGIM Fixed Income's U.S. Investment Grade Corporate Bond Team. In addition to his trading responsibilities, Mr. Marinelli provides portfolio management support to PGIM Fixed Income's Core Conservative Strategy. Prior to his current role, Mr. Marinelli was a member of the Portfolio Analysis Group within the Quantitative Research and Risk Management Group. Mr. Marinelli joined the Firm in 1996 and received a BS in Accounting from Rutgers University and an MBA in Financial Management from Pace University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.43 | 6.82 | 1.16 |